Can I retire at age 66 with 813,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$67,137$66,539$65,955$65,386$64,830$64,287
2 years$33,236$32,617$32,017$31,435$30,871$30,324
3 years$21,937$21,316$20,717$20,141$19,586$19,051
4 years$16,289$15,669$15,077$14,510$13,969$13,451
5 years$12,901$12,285$11,700$11,145$10,619$10,119
6 years$10,643$10,032$9,456$8,913$8,402$7,922
7 years$9,031$8,424$7,858$7,328$6,833$6,372
8 years$7,822$7,221$6,664$6,147$5,669$5,227
9 years$6,883$6,287$5,740$5,236$4,774$4,351
10 years$6,131$5,542$5,004$4,514$4,068$3,663
11 years$5,517$4,934$4,405$3,928$3,498$3,112
12 years$5,006$4,428$3,910$3,446$3,032$2,664
13 years$4,573$4,002$3,493$3,042$2,644$2,294
14 years$4,203$3,638$3,138$2,700$2,317$1,985
15 years$3,882$3,323$2,834$2,408$2,040$1,724
16 years$3,602$3,049$2,569$2,156$1,803$1,504
17 years$3,355$2,808$2,338$1,937$1,599$1,315
18 years$3,135$2,595$2,134$1,746$1,422$1,153
19 years$2,939$2,405$1,954$1,578$1,267$1,013
20 years$2,763$2,234$1,793$1,429$1,132$892
21 years$2,604$2,081$1,649$1,297$1,013$787
22 years$2,459$1,943$1,520$1,179$908$695
23 years$2,328$1,817$1,403$1,074$815$615
24 years$2,207$1,703$1,298$979$733$544
25 years$2,096$1,598$1,202$894$659$482
26 years$1,994$1,502$1,115$818$594$428
27 years$1,900$1,413$1,035$749$535$380
28 years$1,812$1,332$962$686$483$337
29 years$1,731$1,256$896$629$436$300
30 years$1,655$1,186$834$577$394$266
31 years$1,584$1,122$778$530$356$237
32 years$1,518$1,061$726$487$322$211
33 years$1,456$1,005$678$448$292$188
34 years$1,398$952$633$412$264$167
35 years$1,343$903$592$379$239$149
36 years$1,291$857$554$349$217$133
37 years$1,242$814$518$322$196$118
38 years$1,196$774$485$297$178$105
39 years$1,153$736$455$274$161$94
40 years$1,111$700$426$252$146$84
41 years$1,072$667$400$233$133$75
42 years$1,035$635$375$215$121$67
43 years$1,000$605$352$198$109$59
44 years$966$577$330$183$99$53
45 years$934$550$310$169$90$47
46 years$903$524$291$156$82$42
47 years$874$500$274$144$74$38
48 years$846$478$257$133$68$34
49 years$819$456$242$123$61$30
50 years$794$436$227$114$56$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $813,000, adding $5,813 every year, while hoping to spend $56,936 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 55/33/12 Blend
65$813,000$813,000$813,000$813,000
66$901,922$858,833$846,232$948,449
67$933,339$840,336$814,001$962,170
68$966,052$819,025$778,782$970,398
69$1,000,133$794,701$740,415$978,026
70$1,035,660$767,155$698,733$985,009
71$1,072,716$736,165$653,560$991,298
72$1,111,392$701,496$604,713$996,845
73$1,151,785$662,900$552,001$1,001,599
74$1,193,999$620,114$495,225$1,005,508
75$1,238,148$572,861$434,177$1,008,518
76$1,284,355$520,847$368,637$1,010,577
77$1,332,752$463,761$298,379$1,011,628
78$1,383,483$401,276$223,165$1,011,616
79$1,436,705$333,045$142,748$1,010,486
80$1,492,587$258,702$56,868$1,008,181
81$1,551,313$177,861$0$1,004,646
82$1,613,083$90,112$0$1,004,280
83$1,678,115$0$0$1,010,634
84$1,746,646$0$0$1,018,214
85$1,818,935$0$0$1,060,754
86$1,895,261$0$0$1,105,702
87$1,975,933$0$0$1,153,243
88$2,061,286$0$0$1,203,577
89$2,151,684$0$0$1,256,926
90$2,247,528$0$0$1,313,529
91$2,349,253$0$0$1,373,651
92$2,457,337$0$0$1,437,579
93$2,572,303$0$0$1,505,627
94$2,694,720$0$0$1,578,141
95$2,825,216$0$0$1,655,498
96$2,964,475$0$0$1,738,111
97$3,113,248$0$0$1,826,435
98$3,272,356$0$0$1,920,965
99$3,442,703$0$0$2,022,246
100$3,625,277$0$0$2,130,876